Biography

Hank Herrmann is Chief Executive Officer of Waddell & Reed Financial, Inc., a national asset management and distribution company headquartered in Overland Park, Kansas. Mr. Herrmann also serves as Chief Executive Officer and Chairman of the Investment Policy Committee of Waddell & Reed Investment Management Company and Ivy Investment Management Company. In his role as Chairman of the Investment Policy Committee, Mr. Herrmann works with the CIO and Investment Management Division regarding the investment activities of the company.

Joining the firm as a senior investment analyst covering the technology industries, Mr. Herrmann began his career with Waddell & Reed in 1971. From 1976 to 1987, he was portfolio manager of the Waddell & Reed Advisors Vanguard Fund. Mr. Herrmann also managed the Waddell & Reed Advisors New Concepts Fund from its inception in June 1983 to February 1989. He was named President and Chief Investment Officer of Waddell & Reed Investment Management Company in 1987, and Ivy Investment Management Company at its formation in 2003. For the holding company, Waddell & Reed Financial, Inc., he was named CEO in 2005, and named president in 1998 prior to the company’s initial public offering.

Mr. Herrmann received his BS in finance from New York University in 1966. Prior to joining Waddell & Reed, he was an investment analyst specializing in high technology stocks for a major New York City bank and two Wall Street brokerage firms.

Mr. Herrmann is a Chartered Financial Analyst. He is a member of the CFA Institute. He is a member and past president of the Kansas City Society of Financial Analysts.